Anglesey Mining Share Discussion Threads

[calmtrader] 11/1/2024 10:22

Yep lots to look forward too..adding down here you should do very well

[calmtrader] 11/1/2024 09:59

We must be close to finishing hole2 ?

[calmtrader] 10/1/2024 23:01

Yep certainly sounds that way with Grangesberg and agree re valuation

[mininglamp] 10/1/2024 22:20

Listened again to the CEO interview linked above, it seems he was itching to say more about a potential significant value event concerning Grangesberg.

What struck me was he acknowledged that AYM had been it talks with major groups and dropped a clue in as much saying they had hoped to conclude a deal in late 2023 but things sometimes take longer than expected.

My bet is news on this is closer than many believe hence the uplift in volume in the stock.

I have added today at 1.84p, stock is extremely hard to acquire but my limit order triggered thankfully.

A value event at Grangesberg would propel the shares by multiples for certain.

[benjamin15] 10/1/2024 20:49

Oh yes full of buyers, how many today exactly? Happy if if this pile of gets to 4p them I'm out...

[one2go] 10/1/2024 19:49

With tweets like this no wonder buyers are coming for AYM.

Re-tweeted by AYM today.


@Alan__Green

#AYM - #gold and #copper mining 'possible after survey'...I should coco! - having spent time in the core shed with @AngleseyMining director Jo Battershill and a group of senior mining engineers looking at the core from hole NCZ-001 the core I saw across some 100m in width ALL contained mineralisation with extensive chalcopyrite clusters

[broken_arrow1] 10/1/2024 19:34

The 2nd 500k was actually a buy IMO, for a short while they dropped the offer to 1.84p behind the scenes, I checked a couple of brokers using Proquote for this info, towards the close there was just 100k left at 1.84p at this was taken at 16.31pm, the bid also strengthened slightly after the 500k trade.

Let us see what tomorrow brings.

[benjamin15] 10/1/2024 15:59

We have two 500k sales, probably the same person who help push the share price up with 1 mil buys, get it to 4p and I'm out, hopefully out before the next placing

[spacedust] 10/1/2024 13:31

There's interest but the mms don't let you buy. This is why the share price is stuck or at deflated levels.

You can only buy when others sells. But when others sell the share price drops

[benjamin15] 10/1/2024 12:18

That's all fine but there is no buyers or volume, no interest in it

[broken_arrow1] 10/1/2024 11:41

Now asking 2.05 for size, book is getting stronger again.

RSI is down into neutral territory from overbought which is positive.

[mininglamp] 10/1/2024 09:00

This seems perfectly poised to go on another run, with upcoming news which could be transformational and a swathe of well connected analysts suggesting the company is materially undervalued it is a nigh on certainty the share price will continue to move higher.

Add to the mix possible corporate action, hints that they may monetise Grangesberg in some way, the 20% share stake movement + the sector is showing green shoots of recovery.

You have to be in it to win it !!

[benjamin15] 10/1/2024 08:44

There have been many previous articles and nothing has ever come of them.....

[wisteria2] 10/1/2024 07:57

Nice find KEN, re bbc news wales. Spot light on parys mt will brighten when assays of drilling get rns. I expect the share price to continue its climb as we eagerly await the news. gla holders

[benjamin15] 09/1/2024 16:29

Hurry up and get to 4p please

[spacedust] 09/1/2024 16:04

Since that article what happened to the SP? How much good did it do?

[kooba] 09/1/2024 15:24

Saw the "A survey has found there were more deposits than were originally thought. "Maybe they can rerun after the NCZ assays come through in a few weeks !

[kennyp52] 09/1/2024 14:45

Good spot ? It was a year ago !

[calmtrader] 09/1/2024 14:44

From Jan 2023 unfortunately

[kooba] 09/1/2024 14:33

Good spot..decent article.

[kenwrong] 09/1/2024 14:27

On BBC News Wales - Gold and copper mining possible after survey

There are renewed hopes that minerals such as copper and gold could once again be mined on Anglesey. During the 18th Century, Mynydd Parys, near Amlwch in the north of the island, provided copper across the world. A survey has found there were more deposits than were originally thought. Anglesey Mining said the recent surveys showing large deposits of minerals, as it embarks on the next phase of securing new permits.

[kooba] 09/1/2024 14:25

I agree fully on the supply and demand disequilibrium likely in copper over in the second half of this decade..seems obvious.There is also little scope to turn on any production taps..there are few new projects coming on line and any major potential supply projects will take many years to get close to production. One of the reasons Parys is attractive is the short term deliverability to meet such supply shortage.The infrastructure is there with near links to major port , the political and local will is there..huge renewable power hooked up.All these things are major obstacles in most projects..once the existing mining permits updated and environmental works done this could be producing a couple of years out with a build up of locally employed people getting trained up in the run up.If you go further out on supply demand really interestingCopper: the New Oil?The energy transition promises to change the present slump of copper."Everyone's bullish view is predicated on the transition," Case observes. Tang calls copper "the new oil in the energy transition".According to Tang, while demand growth in China could slow to 2.5% by 2027, that relative softness should be largely compensated by demand in the US that could shoot up to 7%. By then, the world would enter a chronic deficit.The year 2027 "is the year when the market starts to be very worried because the deficit could snowball if supply does not catch up, she says. This is because we expect copper demand to increase more than 82% between 2021 and 2025 in order to meet the net-zero goals by 2050".As early as 2035, S&P Global predicts that a chronic yearly deficit of 9.9 million metric tons could set in."The severity of the deficit will largely depend on the industry's ability to expand capacity as energy transition-related applications are expected to boost overall copper demand to about 50 million metric tons in that time frame from the current 25 million metric tons," states the report.https://www.morningstar.co.uk/uk/news/243518/coppers-weakness-hides-demand-%e2%80%93-and-deficit-%e2%80%93-to-come.aspx

[noccer] 09/1/2024 13:34

Thanks Kooba, you have clearly done your homework. Copper price trajectory does rather depend on there being an economic recovery, particularly in China, so always scope for another spanner in the works.

Capitalising the H on the weblink seems to work to make a clickable link.

[kooba] 09/1/2024 10:57

Copper is down 14% over 2 years recovering strongly from the lows in mid 2023.Copper is up 35% from the level taken in the PEA ($2.81 based on three year trailing) produced in March 2021..making the economics far stronger than that last economic assessment , a current three year trailing level would also take into account the slightly higher levels seen 2 years ago obviously that would be used in a PFS.https://www.angleseymining.co.uk/wp-content/uploads/2022/03/Parys-Mountain-PEA-Report-and-CPR-letter.pdf